Attached is a story from Multifamily Dive, a fantastic apartment e-newsletter, that addresses the increased cost of insurance for multifamily properties. The article is the fifth in a series (links to the preceding four are provided in the article). As the article states, “Premium increases create a host of issues for multifamily executives, who are already struggling with multiple financial challenges.” Multifamily executives aren’t the only ones struggling with premium increases and ‘multiple financial challenges.’ Many owners are faced with these challenges at this time. Here in Salt Lake City, there are thousands and thousands of new apartments under construction. Rents appear to be plateauing. Vacancy is increasing. And inflation still challenges all owners as expenses in maintaining a property have increased for everyone. The cost of insurance is but one of many challenges but the increased cost of insurance is at the top of the list for many owners.